Vanguard Intermediate-Term Corporate Bond ETF $VCIT Holdings Lifted by Summit Asset Management LLC

Summit Asset Management LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 91.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382,757 shares of the company’s stock after purchasing an additional 182,666 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 4.5% of Summit Asset Management LLC’s holdings, making the stock its 7th largest holding. Summit Asset Management LLC owned about 0.05% of Vanguard Intermediate-Term Corporate Bond ETF worth $32,056,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VCIT. Brighton Jones LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 107.9% during the 4th quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock valued at $716,000 after purchasing an additional 4,627 shares during the period. Daiwa Securities Group Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 4.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 54,690 shares of the company’s stock valued at $4,535,000 after purchasing an additional 2,300 shares during the period. Qube Research & Technologies Ltd increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 67.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 298,502 shares of the company’s stock valued at $24,752,000 after purchasing an additional 119,837 shares during the period. Squarepoint Ops LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 347.4% during the 2nd quarter. Squarepoint Ops LLC now owns 15,132 shares of the company’s stock valued at $1,255,000 after purchasing an additional 11,750 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 8.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 18,100 shares of the company’s stock valued at $1,501,000 after purchasing an additional 1,433 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ:VCIT opened at $82.22 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $80.82 and a 1 year high of $84.84. The stock’s 50-day moving average is $82.71 and its 200 day moving average is $83.52.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were issued a dividend of $0.3262 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Vanguard Intermediate-Term Corporate Bond ETF Profile

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.